Bernard Arnault said: “Sidney Toledano is the driving force behind the huge success of Dior across the world. Over the past 25 years, he has done an outstanding job of developing the exceptional house of Dior and of promoting its elegance and modernity through its highly talented team of designers. I want to offer my profound gratitude and am delighted that we will continue to work together and benefit from his expertise.

“The appointment of Pietro Beccari as head of Dior signals a new era. Having been an integral member of our group for 12 years, Pietro has an excellent track record.

He added: “I am sincerely grateful to Pierre-Yves Roussel for his excellent work. Thanks to his leadership, the Fashion Group’s various brands have achieved remarkable success over the last 10 years.”

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